SEA Digest: Visa partners Vietnam’s NextTech Group; SpaceDC launches data centre in Indonesia

Visa credit cards are displayed in Washington October 27, 2009. REUTERS/Jason Reed

Global digital payments leader Visa has partnered with Vietnam’s NextTech Group to promote e-payments in the country, while GIC-backed data centre creator SpaceDC has announced the launch of JAK2 in Indonesia.

Visa partners with Vietnam’s NextTech Group

Global digital payments leader Visa has signed a partnership agreement with Vietnamese technology company NextTech Group to promote the adoption of digital payments among small business owners in the country, according to an announcement.

The three-year partnership will see Visa and NextTech collaborate on a range of initiatives to expand their network of sellers and buyers on social commerce platforms, including creating a convenient and easy-to-use means of making online payments through internet links.

With the agreement, Visa will have a partner that owns 120,000 merchants and 6 million users through its subsidiaries including NganLuong.vn, an online payment gateway; BotBanHang.vn, a chat-bot and social commerce messaging management platform; and PushSale.vn, a mini-ERP platform specially designed for online retailers.

Through this tie-up with Visa, merchants can easily provide buyers with a payment link via Facebook Messenger, SMS or other OTT platforms on any online purchase inquiry. Buyers are then able to complete the payment using their credentials instantly.

“By simplifying the payment process, our payment-by-link initiative with NextTech will provide consumers and merchants with a faster and more convenient way to pay and to be paid on social networks and other online platforms. This three-year partnership is a testament to our long-term commitment to supporting eCommerce in Vietnam,” said Dang Tuyet Dung, Visa’s country manager for Vietnam and Laos.

NextTech currently is owning 20 digital transformation platforms operating in Vietnam and eight other markets across Southeast Asia and China within four major sectors including eCommerce, fin-tech, e-logistic, and education.

SpaceDC launches data centre in Indonesia

GIC-backed data centre creator SpaceDC has announced the launch of JAK2, a premium data centre offering for the Southeast Asia (SEA) market.

According to a statement, the data centre, established in partnership with GIC, Singapore’s sovereign wealth fund, will be based in Jakarta. This 1.45MW Tier III Data Centre will allow local and global companies to better connect to Indonesia’s 276.7 million population, as well as act as a gateway to the larger SEA market.

“With Indonesia having SEA’s largest population, and the region’s largest digital economy, it only made sense for us to open our first facility in this market,” said Darren Hawkins, CEO, SpaceDC. He added that SEA is a region whose internet economy has been valued at over $100 billion, and is expected to swell to $300 billion by 2025.

Headquartered in Singapore, SpaceDC is applying over 60 years of combined experience to create a network of data centre campuses in Southeast Asia’s key regional cities.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.